Hedge Funds Move From GLD To Other ETFs and Safety Of Allocated Gold?

GoldSeek – Prominent hedge fund manager John Paulson continued to hold significant gold investments in the fourth quarter of 2012, even as other investors reduced their SPDR gold ETF (GLD) positions.

Paulson & Co owned 21.8 million shares in the world’s largest gold-backed exchange-traded fund, SPDR Gold Trust , at the end of December, unchanged from September 30, a filing with the U.S. Securities & Exchange Commission showed yesterday.